Plastic Containers Market Size, Share, Growth Analysis, By Material(Polyethylene Terephthalate (PET), Polypropylene (PP)), By Container Type(Bottles & Jars, Pails), By End-Use(Beverages, Food) - Industry Forecast 2024-2031

Plastic Containers Market Driver

• Increased Use of Rigid Plastic Containers in the F&B Sector

Due to their strength and low weight, rigid plastic containers are becoming more and more popular in the food and beverage industries. These characteristics make food safe, extend its shelf life, and shield it from chemicals, light, and moisture. Additionally, because to its lightweight qualities, it is a useful packaging material for storing and transporting food items and beverages. The need for rigid containers in the food and beverage industries will rise as a result of shifting consumer purchasing patterns and changing lifestyles.

• Growing Demand for Drug Packaging from the Pharmaceutical Industry

Glass containers were frequently used in the past in the pharmaceutical sector to package prescriptions and medications. But recently, this business has shifted its preference away from glass items and towards plastic containers since they are more affordable, simple to use, leak-resistant, and lightweight. Polyethylene, polypropylene, polyvinyl chloride, and polystyrene are the materials used for containers that are most frequently preferred in the industry. Additionally, plastic-based containers are corrosion-resistant and chemically inert, protecting the pharmaceuticals and extending their shelf life. As a result, the demand will be stimulated during the projection period by the pharmaceutical industry's quick expansion.

Plastic Containers Market Restraint

• Stringent Government Policies that Limit the Use of Plastic

Plastic breaks down very slowly than it is manufactured each year. Plastic recycling is a time-consuming process that involves selling, shipping, melting, and finally resolving & shipping. In addition, dangerous compounds like bisphenol-A, phthalates, and polystyrene that are included in traditional plastics can produce harmful industrial waste. Due to the influence these variables have on the environment, tight rules are being imposed by various governments and regulatory agencies to reduce the use of plastics, which is expected to limit market growth.